Further signs that UK firms are reluctant on capital investment

I posted yesterday on businesses in the UK BEING RELUCTANT TO COMMIT TO INVESTMENT:

• UK company directors have turned more pessimistic on the economy & investment

Another survey, from the British Chambers of Commerce (BCC) has found similar:

• 24% of firms surveyed in November reported an increase in investment over the previous three months with 58% saying they had made no change and 19% reporting a fall

British companies are a bit more optimistic about sales growth this year after a largely flat 2023 but remain wary about increasing investment, according to a survey published on Wednesday.

BCC comment:

• "While it's likely the UK will avoid a technical recession, these results provide more evidence of a very low growth climate as most SMEs continue to report no improvement to sales, cash flow, or investment"

Info on the survey comes via Reuters.

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GBP update: